Mitt Romney gets a lot of guff from his critics for his unwillingness to spell out the details of how he plans to fix the U.S. the economy; how exactly his tax reforms will work, for example, or what precisely he will do in his first 100 days to boost job creation. But the best thing about the Romney agenda is that by his own admission, he doesn&#8217;t need a plan.
Just getting himself elected is the ticket to prosperity.

Romney was quite clear on this point in his infamous &#8220;47 percent&#8221; speech. Romney told his audience that &#8220;if we win on November 6th there will be a great deal of optimism about the future of this country. We&#8217;ll see capital come back, and we&#8217;ll see &#8212; without actually doing anything &#8212; we&#8217;ll actually get a boost in the economy.&#8221;

The notion that Romney could spur economic growth &#8220;without actually doing anything&#8221; invites mockery. The Atlantic&#8217;s Matt O&#8217;Brien memorably dubbed it &#8220;faith-based economic strategy.&#8221; At the very least it seemed to betray a breath-taking level of unwarranted hubris. But the key to understanding his boast is to ignore the low-hanging fruit (&#8220;without actually doing anything&#8221 and focus on five crucial words: &#8220;We&#8217;ll see capital come back.&#8221;

Romney is referring here to the reluctance of corporations to invest trillions of dollars of cash in productive, job-creating uses. It&#8217;s a problem acknowledged by both Democrats and Republicans &#8212; American corporations have around $1.8 trillion in cash tucked away in savings accounts or invested in low-yield bonds and ultra-safe government securities. Liberal-minded economists believe that corporations are sitting on all that cash because they see no demand in the general economy for their goods and services. Conservatives argue that the real problem is the prospect of higher taxes and burdensome regulations imposed during a second Obama term.

Mitt Romney gets a lot of guff from his critics for his unwillingness to spell out the details of how he plans to fix the U.S. the economy; how exactly his tax reforms will work, for example, or what precisely he will do in his first 100 days to boost job creation. But the best thing about the Romney agenda is that by his own admission, he doesn&#8217;t need a plan. Just getting himself elected is the ticket to prosperity.

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Lower taxes on the middle class
Close the loop holes on the upper
Lower the corporate tax
Get rid of useless regs
Adopt a all of the above energy policy
Allow the private sector to fail or succeed. Remember we're not suppose to be a marxist nation!
Cut waste.

You leftist fuckers don't have any clue of economics...So who are you to judge? lol It's the man in the private sector like Mitt romney that does!

Since the GOP is so closely aligned with global corporations and the fat-cats who run them, I've suspected all along that businesses were not hiring on purpose, effectively holding the economy hostage (and us) for a Republican administration.

Since the GOP is so closely aligned with global corporations and the fat-cats who run them, I've suspected all along that businesses were not hiring on purpose, effectively holding the economy hostage (and us) for a Republican administration.

I'm not sure that I really need to say this, but on the other hand, perhaps I do:

Economic planning has to rely somewhat on dynamic analysis, i.e., looking beyond the numbers and anticipating behaviors created by new conditions. Economics is then, in some ways, an art as well as a science. I've noticed repeatedly that Democrats are far less likely to consider dynamic scoring, and I hope one day to find out why.

Neither candidate can lay claim to having the answers, as much as their little followers claim they can. We're in uncharted waters right now. But to completely ignore dynamic scoring is either economically naive or intellectually dishonest.

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